Benchmark is excited to announce it is joining the Bancor Network, a development welcomed by Benchmark investors. The inclusion of Benchmark in the Bancor Network will greatly increase the liquidity of the Benchmark token, providing Benchmark users with an easy way to buy and sell the currency.
Following the integration of the Bancor Protocol, Benchmark Co-Founder Pieter Coetzer said: “Listing the Benchmark token on Bancor is something we have had our eyes on for a while now. Thanks to keen interest and effective processing by Bancor, we are very pleased to make this announcement”.
Benchmark token provides investors with exposure to a portfolio of attractive sustainable projects, while the Bancor Network is a Decentralized Liquidity Network which allows you to convert between any two tokens on the Bancor Network, with no counterparty, at an automatically calculated price.
Bancor enables low-cost conversions thanks smart contracts which serve as automated market makers. Bancor also ensures continuous liquidity by converting any token at any time regardless of buyers and sellers or trade volume, and without the need for any deposits or exchanges. Users can perform conversions directly from the Bancor Wallet, or any Web3 Wallet such as a MetaMask.
About Benchmark and Benchmark Token
Benchmark is about doing well while doing good. The team has a long track record of investments in sustainable projects that benefit communities in developing companies, and the environment. The founders are using their years of experience to identify exceptional investment opportunities and undervalued assets in high growth developing markets.
The Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive.
This is a press release. Trustnodes has not undertaken any verification of any of the above statements and any statement or project contained therein is not necessarily endorsed by Trustnodes. Readers are strongly urged to do your own research.